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  3. 1. anna wishes to set up a perpetual scholarship w

1. Anna wishes to set up a perpetual scholarship worth $1950 annually for a deserving...

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Accounting

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1. Anna wishes to set up a perpetual scholarship worth $1950 annually for a deserving BBA student. She will deposit a single lump sum into a special account today to provide for the scholarship. The account pays an annual rate of interest of 5.6% a. Find the amount Anna should deposit today (present value) if the $1950 scholarship is paid at end of each year with the first payment being made one year from today. el el

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